Citizens & Northern Corporation
US ˙ NasdaqCM ˙ US1729221069

SecurityCZNC / Citizens & Northern Corporation
InstitutionQUANTITATIVE MASTER SERIES LLC - Master Small Cap Index Series
Latest Disclosed Ownership26,174 shares
Latest Disclosed Value $ 495,735
QUANTITATIVE MASTER SERIES LLC - Master Small Cap Index Series reports 8.65% increase in ownership of CZNC / Citizens & Northern Corporation

On August 26, 2025 - QUANTITATIVE MASTER SERIES LLC - Master Small Cap Index Series filed a NPORT-P form disclosing ownership of 26,174 shares of Citizens & Northern Corporation (US:CZNC) valued at $495,736 USD as of June 30, 2025. The entity filed a previous NPORT-P on May 28, 2025 disclosing 24,091 shares of Citizens & Northern Corporation. This represents a change in shares of 8.65% during the quarter. The current value of the position is $558,815 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-08-26 2025-06-30 NP Citizens & Northern EC US1729221069 26,174 2,083 8.65 496 2.27 0.0111
2025-05-28 2025-03-31 NP Citizens & Northern EC US1729221069 24,091 -2,106 -8.04 485 -0.62 0.0116
2025-02-25 2024-12-31 NP Citizens & Northern EC US1729221069 26,197 -2,605 -9.04 487 -14.11 0.0106
2024-11-26 2024-09-30 NP Citizens & Northern EC US1729221069 28,802 74 0.26 567 10.53 0.0107
2024-08-26 2024-06-30 NP Citizens & Northern EC US1729221069 28,728 2,772 10.68 514 5.34 0.0105
2024-05-28 2024-03-31 NP Citizens & Northern EC US1729221069 25,956 0 0.00 487 -16.32 0.0102
2024-02-26 2023-12-31 NP Citizens & Northern EC US1729221069 25,956 0 0.00 582 27.91 0.0124
2023-11-28 2023-09-30 NP Citizens & Northern EC US1729221069 25,956 0 0.00 456 -9.00 0.0119
2023-08-25 2023-06-30 NP Citizens & Northern EC US1729221069 25,956 1,838 7.62 501 -2.91 0.0119
2023-05-26 2023-03-31 NP Citizens & Northern EC US1729221069 24,118 0 0.00 516 -6.53 0.0137
2023-02-24 2022-12-31 NP Citizens & Northern EC US1729221069 24,118 3,059 14.53 551 8.25 0.0152
2022-11-25 2022-09-30 NP Citizens & Northern EC US1729221069 21,059 0 0.00 509 0.20 0.0146
2022-08-25 2022-06-30 NP Citizens & Northern EC US1729221069 21,059 0 0.00 509 -0.97 0.0141
2022-05-26 2022-03-31 NP Citizens & Northern EC US1729221069 21,059 0 0.00 513 -6.73 0.0120
2022-02-25 2021-12-31 NP Citizens & Northern EC US1729221069 21,059 0 0.00 550 3.58 0.0119
2021-11-24 2021-09-30 NP Citizens & Northern EC US1729221069 21,059 0 0.00 532 3.11 0.0117
2021-08-26 2021-06-30 NP Citizens & Northern EC US1729221069 21,059 0 0.00 516 3.00 0.0111
2021-05-27 2021-03-31 NP Citizens & Northern EC US1729221069 21,059 0 0.00 501 19.90 0.0114
2021-02-25 2020-12-31 NP Citizens & Northern EC US1729221069 21,059 0 0.00 418 22.29 0.0107
2020-11-25 2020-09-30 NP Citizens & Northern EC US1729221069 21,059 0 0.00 342 -21.43 0.0110
2020-08-27 2020-06-30 NP Citizens & Northern EC US1729221069 21,059 0 0.00 435 3.09 0.0142
2020-06-01 2020-03-31 NP Citizens & Northern EC US1729221069 21,059 2,639 14.33 421 -19.04 0.0172
2020-02-27 2019-12-31 NP Citizens & Northern EC 172922106 18,420 664 3.74 520 11.59 0.0156
2019-11-27 2019-09-30 NP Citizens & Northern EC US1729221069 17,756 17,756 467 0.0154
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.